Company registration number: SC516703
Annual report and unaudited financial statements
for the year ended 28 February 2026
for
Scallywags Children's Nursery Loanhead Limited
Pages for filing with the Registrar
Scallywags Children's Nursery Loanhead Limited
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scallywags Children's Nursery Loanhead Limited for the year ended 28 February 2026 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Scallywags Children's Nursery Loanhead Limited, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Scallywags Children's Nursery Loanhead Limited and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scallywags Children's Nursery Loanhead Limited and its Director for our work, or for this report.
It is your duty to ensure that Scallywags Children's Nursery Loanhead Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Scallywags Children's Nursery Loanhead Limited. You consider that Scallywags Children's Nursery Loanhead Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Scallywags Children's Nursery Loanhead Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
NM Advisory Limited
1 Hill Street
Edinburgh
EH2 3JP
United Kingdom
Date: 18 May 2026
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Company registration number: SC516703
Scallywags Children's Nursery Loanhead Limited
Balance sheet
as at 28 February 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 64,622 72,178
64,622 72,178
Current assets
Debtors 7,321 3,257
Prepayments and accrued income (7,705) (8,172)
Cash at bank and in hand 472,122 414,223
471,738 409,308
Creditors: amounts falling due within one
year 		(111,002) (105,154)
Net current assets 360,736 304,154
Total assets less current liabilities 425,358 376,332
Provisions for liabilities (3,577) (4,208)
NET ASSETS 421,781 372,124
Capital and reserves
Called up share capital 2 2
Profit and loss account 421,779 372,122
TOTAL EQUITY 421,781 372,124
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC516703
Scallywags Children's Nursery Loanhead Limited
Balance sheet - continued
as at 28 February 2026
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs R Farren, Director
18 May 2026
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Scallywags Children's Nursery Loanhead Limited
Notes to the financial statements
for the year ended 28 February 2026
1 Company information
Scallywags Children's Nursery Loanhead Limited is a private company registered in Scotland. Its registered number is SC516703. The company is limited by shares. Its registered office is 10 Academy Lane, Loanhead, Midlothian, EH20 9RB.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Land & Buildings - 5% straight line
Plant and machinery etc.:
Plant & Machinery - 15% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Scallywags Children's Nursery Loanhead Limited
Notes to the financial statements - continued
for the year ended 28 February 2026
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 26 (2025 - 19).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 March 2025 100,624 72,679 173,303
At 28 February 2026 100,624 72,679 173,303
Depreciation
At 1 March 2025 45,279 55,846 101,125
Charge for year 5,031 2,525 7,556
At 28 February 2026 50,310 58,371 108,681
Net book value
At 28 February 2026 50,314 14,308 64,622
At 28 February 2025 55,345 16,833 72,178
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Scallywags Children's Nursery Loanhead Limited
Notes to the financial statements - continued
for the year ended 28 February 2026
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025.
2026 2025
£ £
Rhona Farren
Balance outstanding at start of year (4,239) -
Amounts advanced 6,249 -
Amounts repaid 4,239 (4,239)
Balance outstanding at end of year 6,249 (4,239)
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